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Downtrend Broken Resist.Archive
- 7/11/2025 -
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Dominion Resources (D) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a third positive week after 3 consecutive negative weeks for the Dominion Resources (D). During the week, the D climbed 0.53 points, or 0.93%, and closed at 57.39 on Friday, July 11, 2025. Weekly volume was -15% below average.
D is a member of Utilities Sector. Utilities is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See D long-term trend chart]
A long-term downtrend had started on February 24, 2020 at 90.89 and reached 39.18 on October 23, 2023. D lost 51.71 points, or 56.89%, in 191 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 30.34 and resistance is at 85.59. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See D medium-term trend chart]
A medium-term downtrend had started on November 1, 2024 at 61.97 and reached 48.07 on April 9, 2025. D lost 13.90 points, or 22.43%, in 22 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (44.35) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. D may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See D weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
The weekly MACD line is above its signal line since May 16, 2025. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See D short-term trend chart]
A short-term uptrend had started on June 17, 2025 at 53.36 and reached 58.32 on July 10, 2025. D gained -4.96 points, or -9.30%, in 23 days. The price is now at the 18.75% retracement level.
Daily Technical Indicators: [See D daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since June 27, 2025. This is an indication that the short-term trend is up.
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